COMPAGNIE FNCE RCH UN/ADR

The Compagnie de Financement Foncier, a subsidiary of the BPCE Group, reported strong commercial and financial performance in 2024 despite a volatile market environment. The company issued €5.8 billion in covered bonds and refinanced €6.3 billion in loans for BPCE Group entities, including state-guaranteed loans and export credits. The company's net income declined to €86 million in 2024 from €119 million in 2023.

Related tickers: CFRUY.

Shares of luxury companies like Louis Vuitton Moet Hennesy (LVMUY) rose after luxury peer Richemont (CFRUY) reported a 10% increase in third-quarter sales, indicating a recovery in the luxury sector. However, Richemont noted challenging demand in China, a key market for the luxury sector.

Related tickers: LVMUY, CFRUY.